Analyst Expectations For Spire's Future
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Spire Inc (NYSE:SR) with 1 bullish and 5 indifferent ratings in the past three months. The average 12-month price target is $63.0, a 3.51% decrease from the previous $65.29. Analysts from firms including Mizuho, B of A Securities, RBC Capital, Morgan Stanley, Stifel, and Wells Fargo have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Spire's financials show a decline in revenue growth, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio, indicating potential challenges ahead.
January 22, 2024 | 3:00 pm
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Spire Inc received mixed analyst ratings and a lowered average 12-month price target, indicating potential headwinds. Financial challenges include revenue decline and high debt levels.
The lowered average price target and mixed analyst ratings suggest that the market's expectations for Spire's future performance have become more cautious. The financial challenges highlighted, such as the revenue decline and high debt-to-equity ratio, could negatively affect investor sentiment and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100